Answer:
1. are called real accounts
Explanation:
Balance sheet accounts are the real account and these accounts do not close and balances of these accounts accumulated and carried forward to next accounting period. These balance represents the net accumulated values of all the past years. These accounts are also affected by the all the adjustments. Every transaction ultimately effect any of the balance sheet account.
IRAC stands for Issue, Rule, Application, Conclusion
I'll just put out issues.
James Jones - corruption, extortion, and blackmail
Tom Cruise - health violations, bribery
Both conducted under the table negotiations.
Answer:
Management's assessment of the design and operation of the company's internal controls over financial reporting should be:
integrated.
Explanation:
A company's assessment of internal controls over financial reporting should be integrated to focus on the effectiveness of internal controls and the reliability of the financial statements. The effectiveness of internal controls reduces the risk of fraudulent activities by all internal parties. Similarly, the reliability of the financial statements will ensure public confidence and engender unbiased, error-free, and faithful representation of financial performance and position to aid decision making by market participants.
The Board of Governors, the Federal<span> Open Market Committee, and 12 regional </span>reserve<span> banks.</span>
<span>A company that continues to have strong profit performance during an economic downturn when many other companies are suffering losses or failing should see their bond rating maintained or actually increase.
A bond rating lets one know of the credit quality and the means to pay back the bond with in a reasonable amount of time. Bonds are rated using letters and receive a grade based on their profit performance.
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